Client Profile – Major Regional City, School Board

The Need:

  • Establish normal accounting operations, implement remediation procedures, prepare for annual audit and comply with statutory requirements for financial reporting
  • All school board employees were terminated and the rehiring process began
  • External auditors were unable to issue an opinion on their most recent Consolidated Annual Financial Reports (CAFR) to the State Legislative Auditor.

The Solution:

  • Completion of audit preparation and obtain clean opinion
  • Prepare CAFR submission to the State Legislative Auditor
  • Complete Internal Audit Diagnostics & Proposal
  • Create Desk Top Procedures
  • Create Closing Documentation
  • Design internal management financial reports
  • Standardize Reconciliation Support

The Results:

  • Client obtained a clean audit opinion after years of deficiencies
  • Consolidated Annual Financial Report (CAFR) submitted to the State Legislative Auditor for all outstanding periods
  • Internal Control proposals implemented and relied upon
  • Desktop Procedures created for key areas of Payroll, Payables and Internal Reporting